{"id":159656,"date":"2024-01-03T14:05:06","date_gmt":"2024-01-03T14:05:06","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=159656"},"modified":"2024-01-03T17:53:05","modified_gmt":"2024-01-03T17:53:05","slug":"radiant-capital-loses-more-than-4-4-million-in-cyber-attack","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/radiant-capital-loses-more-than-4-4-million-in-cyber-attack\/","title":{"rendered":"Radiant Capital Loses More Than $4.4 Million in Cyber attack"},"content":{"rendered":"
The world of decentralized finance (<\/span><\/span>DeFi<\/span><\/span><\/a>) <\/span><\/span>has witnessed another shocking incident, following an attack on Radiant Capital recently.<\/span><\/span><\/b><\/p>\n <\/p>\n This time, <\/span><\/span>cross-chain lending protocol Radiant Capital found itself in the eye of the storm<\/span><\/span><\/strong> following a <\/span><\/span>flash loan attack<\/span><\/span><\/strong> that resulted in a <\/span><\/span>significant loss of $4.5 million.<\/span><\/span><\/strong><\/p>\n Today, we received a report of an issue with the newly created native USDC market on Arbitrum. After validation by Radiant developers and the wider Web 3 security community, the Radiant DAO Council paused lending\/borrowing markets on Arbitrum temporarily while this is\u2026<\/p>\n — Radiant Capital (@RDNTCapital) January 3, 2024<\/a><\/p><\/blockquote>\n\n